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2 years ago

Which type of fund has the prices determined by factors of supply and demand like the prices of a stock?

Business

1 answer:

Elena-2011 [213]2 years ago

6 0

Closed-end type of fund the prices determined by factors of supply and demand like the prices of a stock.

A stock is a colloquial phrase for any company's ownership certificates. On the other hand, a share alludes to a certain company's stock certificate. You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.

There are two sorts of stocks: ordinary and preferred. The distinction is that whereas the owner of the former can exercise voting rights in company decisions, the latter does not. However, before any dividends are paid to other shareholders, preferred shareholders have a legal right to a specific amount of dividend payments.

Additionally, there is a thing known as "convertible preferred stock." Essentially, this is a preferred stock with the option to convert at any point after a set date into a predetermined number of common shares.

Learn more about stock here:

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Swifty Corporation reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw mater

ale4655 [162]

Answer:

$27,000,000

Explanation:

Cost of Goods Manufactured = Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work In Progress - Closing Work In Progress

When Direct Material Used = Beginning raw materials inventory + Raw materials purchased + Ending raw materials inventory

Direct Material Used = 300,000 + 1,060,000 - 480,000 = 880,000

Direct Material Used = $880,000

Hence, Cost of Goods Manufactured = 880,000 + 820,000 + 820,000 + 1,080,000 - 900,000

Cost of Goods Manufactured= $27,000,000

Swifty Corporation's cost of goods manufactured for the year is $27,000,000

8 0

3 years ago

A company that is authorized y the commissioner to transact insurance business in Louisiana is called a

umka21 [38]

Answer:

A company that is authorized by the commissioner to transact insurance business in Louisiana is called a <em>producer</em>.

Explanation:

According to the Louisiana Insurance Code, a <em>producer </em>is a person required to be licensed under the laws of Louisiana to sell, solicit, or negotiate insurance, and includes all persons or business entities otherwise referred to as insurance agent, insurance broker, insurance solicitor, or surplus lines broker.

7 0

3 years ago

A firm has $800,000 in paid-in-capital, retained earnings of $40,000 (including the current year's earnings), and $25,000 shares

vfiekz [6]

Answer:

The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.

Explanation:

According to the scenario, the computation for the given data are as follows:

(a) We can calculate the amount that firm can pay in cash dividend by using following formula:

Amount to pay in cash dividend = $40,000 ÷ 25,000

= $1.6 per share

(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:

Cash and retained earning = $0.80 × 25,000 = $20,000

As $20,000 is less than previous, than it will decrease the cash and retained earning.

5 0

4 years ago

Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily. If the account was opened 9 years ago, wha

hjlf

Answer:

The value of the initial deposit = $1269

Explanation:

Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.

To find - If the account was opened 9 years ago, what was the value of the initial deposit

Proof -

We know that,

If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

$P = A(1 + \frac{r}{n} )^{-nt}$

Here,

A = 1723.57

r = 3.4% = 0.034

n = 365 (because it is compounded daily )

t = 9

So,

we get

$P = 1723.57(1 + \frac{0.034}{365} )^{-365(9)}$

= 1723.57(1.000093151)⁻³²⁸⁵

= 1723.57(0.736396351)

= 1269.23066 ≈ $1269

∴ we get

The value of the initial deposit = $1269

5 0

3 years ago

ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 4.7 percent, how mu

artcher [175]

Answer:

$19,870.39

Explanation:

To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:

PV=FV/(1+i)^n, where

PV= Present value

FV= Future value=$25,000

i= interest rate=4.7%

n= number of periods of time= 5 years

PV=25,000/(1+0.047)^n

PV=25,000/(1.047)^5

PV=19,870.39

According to this, the answer is that you will have to deposit today $19,870.39.

7 0

3 years ago